More than half of U.S. blockchain patents are owned by blockchain-specific developers, while 20% are owned by financial institutions, led by Bank of America (see pie chart below).

Number three, Fidelity, has about a third as many patents as BofA. Number two, MasterCard, some 50% fewer.

13% are owned by traditional technology businesses, led by IBM, which owns more than three times the next biggest tech holder, Dell.

This is according to the findings of a report prepared by Envision IP, an IP law firm specializing in patent research, as reported in the April Managing Intellectual Property.

According to another report, China claims to have more than twice as many companies than the U.S. in the blockchain top 100 patentees.

Outside of IBM, which supports many banks, leading technology companies like Google, Intel and Microsoft have been slow to pursue blockchain patents. MasterCard, which has 27 blockchain patents, the same number as IBM, is dubious about the reliability of crypto-currencies, such as bitcoin. This 2014 videoexplains some of the credit card business’ reservations. The firm’s thinking may have evolved.

MasterCard processes over $4 Trillion ($4,000,000,000,000) in more than 38 billion transactions each year, reports The Art of Not Being Governed, a bitcoin blog. On each of those 38 billion transactions, MasterCard assesses fees to the merchant, accepting the payment. These range from .11% to .80% of the total, plus various fixed amount fees for each transaction. All told, it averages out to about 2% of every transaction.

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About Bruce Berman

Bruce is a long-time IP observer, adviser and editor, who is in close close contact with the leading owners and influencers. He tracks latest trends and developments, and monitors transactions, strategy and performance.

Since 1988 Bruce has been working with IP holders, managers and lawyers, as well as investors, to convey value to the right audiences. In 2016 he founded the Center for IP Understanding, an independent non-profit, www.understandingip.org.

Bruce is responsible for five books, including the best-seller "From Ideas to Assets." He has written The Intangible Investor column for IAM Magazine since 2003. For his full bio, visit www.brodyberman.com or click below.